The Chinese economy is booming in more ways than one. Not only is it buying up huge reserves of oil and gas, but it is also benefiting from the booming global greenhouse gas market. Rather than spending more money to clean up their factories at home, foreign investors are flocking to China to pay energy […]

No surprises here really. Iraq is sliding into civil war, the dollar may be sliding towards a crisis, the Bush Administration may be sliding towards the history books, but least it’s its belligerent and blinkered attitude towards climate change isn’t shifting an inch.
The administration has announced that it opposes the EU’s emissions trading programme which […]

This week the EU will reveal new allocations for the next phase of the Europe-wide greenhouse gas emissions trading, a market worth 12 billion Euros and covering 11,000 installations throughout Europe.
Since it was introduced many people have argued that the emission caps are too high in the scheme. Now some of Europe’s most influential banks […]

The European Commission is arguing that Europe should set a new, unilateral, target for cutting CO2 emissions, agree legally binding plans to boost renewable energy and bring cars into its carbon trading scheme.
The secret blueprint, drawn up by the Commission’s vice-president, Gunther Verheugen, marks a significant shift in thinking as officials in Brussels seek to […]

The increasingly politicized debate over climate change promises to heat up further with the publication of an exhaustively-documented but highly-readable new book, “Carbon Trading: A Critical Conversation on Climate Change, Privatisation and Power”. The book argues that the dominant “carbon trading” approach to climate change is both ineffective and unjust.